A Self-Insurance program is based on a decision to retain risk rather than to insure it.  It differs from traditional insurance in that a plan to pay for losses as they occur is needed.  A self-insurance program may be funded from operation cash balances or through systematic payments into a special reserve fund.

The motivation for becoming self-insured is usually driven by the desire to reduce costs.  However, the most important benefit may be the essential control over claims administration and safety and loss control efforts gained by a self-insurer.

CaitlinMorgan Insurance understands the decision to implement a self-insurance plan is one which requires extensive review of the client's needs and an honest look at potential disadvantages.  In addition, self-insurers must make separate arrangements for claims handling and other services, and satisfy state surety bond requirements.

With our years of experience managing self-insurance plans, CaitlinMorgan can guide you through the complex process of analyzing, evaluating, and establishing a successful self-insurance program.

Individual Self Insurance - Worker's Compensation Solutions